Small Business Archives | Page 15 Of 15

Tech investment in UK soars to record high

Investment in the UK tech sector reached £10.1bn ($13.2 billion) in 2019 – a 44% increase, the highest in the history of the UK, on 2018. Compare this to Germany which received £5.4bn and France which received £3.4bn. In fact, UK companies accounted for a third of all the money raised by tech firms in … Read more

December Rise In Consumer Confidence Fails To Boost Festive Spending

Consumer spending reached just 1.0 per cent year-on-year growth in December, representing a decline in real terms when accounting for inflation. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that spending on essentials declined 0.9 per cent in December, with supermarkets contracting by 0.9 per cent compared … Read more

How To Recruit Employees For Small Businesses Without Paying A Fortune

Ready to expand your business? Here’s how you can attract the right talent with our guide on how to recruit employees for small businesses.

How To Avoid Copyright Infringement In The UK As A Small Business

Avoid copyright infringement as uk small business

Don’t assume that content like photos found on the Internet are free, here’s how to avoid copyright infringement in the UK as a small business.

Credit Control Mechanism

Credit control refers to a system used by businesses to ensure that credit is given to eligible customers who can pay and pay within the agreed duration. It is a small section in the financial control system used by businesses to ensure that upon a sale, funds are released when the sum is paid. The … Read more

Small Business Start-Ups Booming in Liverpool

Over recent years, the number of small start-up businesses springing up across the country has rocketed. Various government schemes and incentives coupled with increased resources and information have all helped to boost start-up businesses numbers across the UK.

According to recent reports Liverpool in particular seems to be flourishing when it comes to small business creations, with many benefits claimants said to have taken the plunge and launched their own businesses with the help of a government initiative.

Across Merseyside over two thousand former benefits claimants have taken advantage of the government initiative, which is the New Enterprise Allowance. Of these, 860 were in Liverpool, which equated to the highest figure for any local authority in the country. This has put Liverpool at the top of the leagues when it comes to small business start-ups.

Small businesses and start ups across the UK will be receiving support and encouragement to assist their growth thanks to a government backed road show that will take place over the course of this year. The Get Growing! The Great British Business Roadshow will be heading out to close to a dozen cities over the course of this year in a bid to try and both encourage and help smaller businesses to grow.

The initiative has been backed by the Department for Business, Innovation, and Skills, and is being headed up by FreeAgent, which is a leading cloud accounting company that provides services for small businesses and sole traders in the UK. A range of other big name companies are also involved in the road show, which includes Elance and Paypal.

Over the past few years, more and more people have decided to set up their own businesses in the UK for a variety of reasons.

For some it is the lack of job security that has driven them to set up their own business while for others it is situations such as redundancy.

For most business these days, particularly smaller businesses, being able to cut back on unnecessary costs has become vital due to the tough financial and economic climate.

However, according to a recent report many firms are losing huge amounts of money as a result of problems with suppliers. In fact, it is claimed that resolving problems with suppliers is costing companies in the UK in excess of £10 billion every year – money that businesses, especially small ones, cannot afford to lose.

Over recent years, it has become increasingly important for small businesses across the UK to try and generate more trade.

With the record numbers of new small businesses being created, this has become more and more vital but with tough competition from the bigger players many small businesses struggle to raise awareness and boost business.

A new scheme that is set to be launched in December of this year could help to change all of this.